Multi oscillator divergence EA MT5

The Multi Oscillator Divergence Expert Advisor (EA) for MT5 is a highly sophisticated trading software designed for those who trade in the Forex market. This unique EA is capable of identifying both regular and hidden divergences, making it an essential tool for skilled Forex traders.

Divergence Identification

The Multi Oscillator Divergence EA MT5 is known for its ability to identify divergences between price and oscillators or indicators. Regular or classical divergences indicate potential trend reversals, while hidden divergences point towards trend continuation. This feature allows traders to understand market trends better and make informed decisions.

Filter Options

One of the major advantages of this MT5 tool is its filter options. The EA includes RSI, Bollinger, Stochastics, moving average, and ADX filter options. These filters enable traders to sift through the noise and focus on the strongest setups. The default settings of this EA are optimized for trading on EURUSD H1.

Oscillators and Indicators

This automated trading software also allows divergence detection for multiple oscillators and indicators concurrently. These include MACD, OsMA (Moving Average of Oscillator), Stochastic, CCI, and RSI. Traders can use this feature for multi divergence trading or trade single divergence with a specific oscillator or indicator.

Position Management

The Multi Oscillator Divergence EA MT5 offers traders the flexibility to close half the position using various strategies. It also provides the option to use the percentage of ADR (average daily range) for stop loss, take profit, trailing stop, and close half position. Such features make this EA a highly customizable tool for Forex trading.

Additional Features

Additional features include the availability of two moving averages with different periods as a trend filter. For instance, traders can use a slow MA 200 and fast MA 12 for hidden divergences. Spread and time filters are also available for further enhancing the trading strategy.

FAQ Section

What is the best way to use the Multi Oscillator Divergence EA MT5?

Before going live, it is recommended to perform backtesting in the strategy tester. Once a profitable setup is found, it is advisable to test the EA on a demo account and let at least 10 trades be done before deciding to go live.

Where can I find independent testing of this product?

Independent testing of this product can be viewed on the forexroboteasy.com website. Additionally, users can also subscribe to updates on the results of testing this product.

Can I share my experience of using this product?

Yes, sharing your experience of using the Multi Oscillator Divergence EA MT5 is highly encouraged. It helps other traders understand the product better and make informed decisions.

In conclusion, the Multi Oscillator Divergence EA MT5 is a powerful tool for currency trading. With its ability to identify both regular and hidden divergences, filter options, and customizable features, it offers traders increased control over their Forex strategies. However, it should be noted that future updates will only be available for the paid version of this software.